The World Bank’s managing director, Sri Mulyani Indrawati (right) told press at the IFSB Summit in Luxembourg last week that the bank has: “Formally recognized Islamic finance [as] a priority area in our financial sector program.”
To back this statement up, the bank’s private sector arm, International Finance Corporation, based in Washington DC, told The Islamic Globe that it will return to the Sukuk markets when it generates a portfolio of Shari’ah-compliant assets to back the Sukuk……………………………………….Full Article: Source